Walmart Inc. $WMT Holdings Decreased by Exeter Financial LLC

Key Points

• Exeter Financial LLC reduced its stake in Walmart Inc. by 22.6% during the second quarter, owning 48,556 shares post-sale.
• Walmart's latest earnings report showed a miss on EPS and revenue estimates, with a current stock price of $103.03.
• Goldman Sachs upgraded Walmart's target price from $101 to $114 and maintained a "buy" rating, reflecting a positive outlook from analysts.

Exeter Financial LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 22.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,556 shares of the retailer's stock after selling 14,177 shares during the quarter. Walmart accounts for about 2.1% of Exeter Financial LLC's investment portfolio, making the stock its 13th largest holding. Exeter Financial LLC's holdings in Walmart were worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Operose Advisors LLC raised its position in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. Ridgewood Investments LLC increased its position in Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after acquiring an additional 115 shares during the period. Bear Mountain Capital Inc. increased its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares during the period. Finally, EQ Wealth Advisors LLC bought a new position in shares of Walmart in the first quarter worth $35,000. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

WMT stock opened at $103.03 on Friday. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The firm has a 50-day moving average of $99.99 and a two-hundred day moving average of $95.92. The firm has a market capitalization of $821.41 billion, a PE ratio of 38.73, a P/E/G ratio of 4.84 and a beta of 0.65. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMT. The Goldman Sachs Group increased their target price on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Oppenheimer raised their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Mizuho restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Finally, Wolfe Research initiated coverage on Walmart in a research note on Thursday, September 18th. They set an "outperform" rating and a $129.00 price target for the company. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $112.38.

Insider Buying and Selling

In other news, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares of the company's stock, valued at $184,921,584. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction on Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the transaction, the executive vice president owned 645,968 shares in the company, valued at $66,993,341.28. This represents a 0.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,816 shares of company stock valued at $13,073,594. 0.10% of the stock is currently owned by company insiders.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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